EU regulators look into Ryan’s Aer Lingus bid
The inquiry could run until January 14 as experts look at how air travel would be impacted by a single operator flying out of the country.
“On a large number of European routes, mainly out of Ireland, the two airlines are each other’s closest competitors and barriers to entry appear to be high,” the European Commission said.
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Hide Ad“Many of these routes are currently only served by the two airlines.”
Ryanair, which already owns 30 per cent of Aer Lingus, offered 1.30 euro per share earlier this year, valuing the company at E694m (£559.6m).
The Irish Government still holds a 25 per cent stake in Aer Lingus, which it has been hoping to sell.